Hallingby v. Hallingby

*533The parties, married in July 1980, separated pursuant to a separation agreement, later incorporated in a 1983 judgment of divorce. The wife had title to a house located in Water Mill, New York, purchased in August 1979 for $550,000, with the purchase price allegedly advanced in whole or in part by the husband. The agreement provided, inter alia, that the husband would receive $200,000 from the proceeds of any sale of the property to a third party, such right conditioned upon a contemporaneous letter agreement, under which the husband promised to use his best effort to obtain a moratorium with…